The 18-year old joins City from Premier League Watford, after recently making his professional debut in the top tier...
The Sky Blues agree terms with Watford for the services of forward Michael Folivi until the end of the 2016/17 season.
Turning 19 next month, Folivi was top scorer in the Hornets U18s title-winning side of 2015/16 and signed his first professional contract with the club that same season.
After a string of impressive performances, he earned a further contract extension at the Premier League outfit until 2020.
The striker was part of the match-day 18 that travelled to Liverpool in November 2016, before making his senior debut in the defeat against Stoke City earlier this month.
Russell Slade said: “Michael is a young player with huge potential and is held in very high regard by Watford.
"He is pacey and direct with the ball, and will give us a different option going forward."